Weekly Trade Ideas 10/25-10/29

EUR/USD appears to be headed for the 1.410 area. We had a nice pullback to 1.385 area after a higher high which was also a 50% fib retracement. My target is 1.410 area first and if we get follow thru at this level we could target 1.425 next.


GBP/USD
If we can get price to close below the 1.565 level on a 4 hr candle I would look to short on a pullback to this level and target 1.5500 level. I will wait for conformation on this one as we are currently in what I call a fib war each way. 1.565 horizontal level of support will be the deciding level.


EUR/GBP
Price is setting at .8900 resistance. I will wait for a conformation close on a 4hr chart above this level and look to long on a pullback to it. I am anticipating a break of this level and a target of .915 resistance level.